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Forum Post: Why we should thank the 1 percent

Posted 12 years ago on Jan. 11, 2012, 9:14 a.m. EST by TheTrollSlayer (347) from Kingsport, TN
This content is user submitted and not an official statement

I just found this article and wonder what everyone would say.


Now, the way i see it, they should be thankful for each other.



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[-] 2 points by ARod1993 (2420) 12 years ago

A 1% that actually kept the world going around, supported both their communities and the country at large, actually worked to increase the value of the lifestyle and the resources available to the rest of us, went out and actually pushed a portion of what they had on those causes that needed the support the most, and that went out of its way to avoid socially irresponsible behavior would in fact be quite an asset to this country and the world.

The problem is that the superrich whose conduct we're complaining about generally do not meet that description; otherwise we wouldn't have seen wave after wave of outsourcing and deregulation and the securitization of and speculation on almost everything you can think of. There are some exceptions (men like Bill Gates and Steve Jobs), but for the most part the social and economic backbone of America is the union of the working and middle classes. You screw with them at your peril; even if you succeed in impoverishing them (which in a lot of ways has happened here) doing so will inevitably bring down the country.

[-] 1 points by April (3196) 12 years ago

Well said. It would be best for the 1% to realize that middle class purchasing power and economic strength and stability are their profits.

Unfortunately, at this point, I do not think the 1% can see beyond their own greed to understand this simple common sense fact. I don't believe they're stupid, so I have to conclude that the greed is so deep that it is eating away at their brain to the degree that it is affecting rational thought processes.

[-] 1 points by TheTrollSlayer (347) from Kingsport, TN 12 years ago

Seems to make sense that they would be looked at alot better if they would just play fair, which they dont want to do because they consider themselves the elite and privileged. Look how they run corporations in this country http://goo.gl/3eB9q They spent decades getting the government to write the rules so they could write everything off and even get owed hundreds of millions of dollars of tax money at the end of the year. Its the old " Only little people pay taxes " BS then eventually the peoples tax money has to pay for everything and even them for just being here, now thats special and there are alot of em. If only they would pay a fair share like the people do it would go a long way.

[-] 1 points by demcapitalist (977) 12 years ago

LOL That was a self serving bunch of crap wasn't it ?The problem with the last few decades is that much of the 1% convinced themselves that we don't actually need to do anything in America that complex math could be used to take all the risk out of lending money and that we could just run our country on ever expanding personal debt. We don't need to make our own stuff, we don't need to pay labor, just keep outsourcing and ramming the pay scale down and" let them borrow the money for cake". It's a far cry for yesterday's innovators who knew you needed to pay your American workers enough to buy your product.

[+] -6 points by GirlFriday (17435) 12 years ago

Ah, yes..........the musings of a "Financial Planner".

That might just have something to lose.